Pretty sure its an alright deal. This is the budget Samsung Galaxy, the lowest end but with decent specs and good reviews:
http://www.gsmarena.com/samsung_i5500_galaxy_5-3371.php
Lowest price is $162 on static ice outright and remember this comes with $50 cred + whatever it comes with (and yes this adds to $179).
Brief Overview:
Android 2.1 Eclair (gsmarena claims it is 2.2 Froyo upgradeable!)
600Mhz CPU
2.8 capacitive touchscreen with no multtouch
2MP camera
A-GPS
Wi-Fi 802.11 b/g
Bargain price for a NextG Smartphone…
Pretty decent price for a NextG phone full stop!